$474,900

$499,900For salePrice drop↓ $25,000 (5%)

542 First Avenue North, Welland (N. Welland) - Single Family for Sale

542 First Avenue North, Welland (N. Welland), Ontario, L3C1Z3

6 beds2 baths3 parking900 ft²30 × 120 ft (3,603 sq ft) lot sizeListed 44 days ago

Overview

This 6-bedroom, 2-bathroom home in Welland is for sale offering roughly 900 sq ft of space. Listed at $474,900, it is attractively priced about 26% below the $640,900 median asking price in Welland. It has been on the market 44 days, fresher than the Welland average of 59 days.

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Description

Start making money on Day 1 of ownership! Fully rented and ALL tenants have already paid the full school term! ($3750/gross monthly income). TURN KEY, READY TO GO, INCOME PRODUCING INVESTMENT PROPERTY! Here are the details about the home: 6 bedrooms, 2 baths, 1 kitchen, 3 parking spaces, all windows are proper egress sized, steel doors on the bedrooms (lower level), 5/8" fire rated drywall in the lower levels, hard wired and battery operated interconnected Smoke and Carbon Monoxide Fire Alarms on all levels, plus sprinkler heads in the furnace room. Seriously.. this house is so close to the college, that some of the parking spaces are farther away from the school than this house is! Plus, it's on the bus route to Brock University and all the other surrounding schools. Perfect home for Niagara College AND Brock University Students!! Quick drive to HWY 406 and HWY 20. This is truly a smart investment for families and investors. Come see it today! (24 hours notice required - Tenant Occupied) (id:66096)

Property Details

MLS®: X13816742
Property Type: Single Family
Zoning: RL2
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 30 × 120 ft (3,603 sq ft)
Frontage: 30 ft
Basement: Finished, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,252/yr
Listed: 44 days ago

Rooms

Ground level

Kitchen: 4.65 x 2.23 meters
Living room: 4.5 x 3.58 meters
Dining room: 2.97 x 3.58 meters

Basement

Bedroom: 2.69 x 2.72 meters
Laundry room: 1 x 1 meters
Bedroom 5: 2.97 x 2.9 meters

Second level

Bedroom: 4.42 x 2.51 meters
Bedroom 2: 3.56 x 2.9 meters
Bathroom: 2.44 x 2.13 meters

Lower level

Features

Appliances: Water meter
Foundation: Poured Concrete
Exterior: Vinyl siding, Brick Facing
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Welland (N. Welland) listings, avg age

59d

Price / ft²

$528

List price

$475K

Haho

This 6-bed single family in Welland (N. Welland) has been listed for 44 days, which is 15 days fresher than the city average of 59. Act while there is still low competition.

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Listed by Century 21 Heritage House LTD · Joe Aubertin

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3C)

This home lists at $474,900, about 6.0× the local median household income of $78,500.

Carrying it typically needs a household income of about $92,765 (20% down, 25-yr amortization, stress-tested) — roughly 18% above the area median.

Median household income: $78,500
Population: 33,462
Median age: 45.6
Owner / renter: 73% / 27%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L3C)

$474,900· $528/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,745

Min 5%50%

Mortgage payment$2,501/mo

↳ CMHC premium ($18,046 capitalized)

Property tax (est.)$271/mo

Total monthly$2,772

Cash Needed to Close

Down payment (5%)$23,745

Land transfer tax$5,973

Est. closing costs$3,925

Total cash needed$33,643

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